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Economic Security, Well Functioning Courts and a Good Government

  • mamoon, dawood

The paper defines economic security as a country’s ability to re distribute incomes through a strong governance structure by practicing rule of law, eliminating corruption and a government that acts as a facilitator by formulating effective fiscal and monetary policy and regulation. The results suggest that courts that implement national laws effectively and punish corruption and a government that has balance budgets and investment friendly monetary policy ensures economic security by means of welfare friendly outcomes that favor the incomes of the poor and middle class. There is also evidence that redistribution takes place from rich to the poor. As a result income and wage inequalities fall down.

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File URL: http://mpra.ub.uni-muenchen.de/30570/1/MPRA_paper_30570.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30570.

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Date of creation: 29 Apr 2011
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Handle: RePEc:pra:mprapa:30570
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